The Swedish Financial Supervisory Authority opens a sanction case regarding Nordnet’s internal governance in relation to EU’s regulation on short-selling
The Swedish Financial Supervisory Authority (SFSA) has decided to open a sanction case against Nordnet, as a continuation of the previously initiated investigation regarding internal governance and control in relation to EU’s short-selling regulation.The background to the case is the short-selling transactions carried out by customers of Nordnet in Moment Group AB in February 2021. The SFSA notified Nordnet of an investigation regarding Nordnet's internal routines and processes for short selling. Since then, a site visit has been carried out, and the SFSA have requested and received written